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20121201
20121231
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CNBC 21
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CNBC
Dec 24, 2012 6:00am EST
's a shortened trading session for christmas eve. u.s. equity markets will close at 1:00 p.m. eastern time. bond currency and commodity trading they're going to end early. in japan, indonesia, the philippines, they were all closed in europe. only the uk, french, dutch and spanish stock markets are open and they're going to be closing early. there are now only five trading sessions left in 2012. get your act together. stocks and bonds, solid gains so far this year. the dow has advanced 8% in total. the s&p 500 up almost 14%. the nasdaq has jumped 16%. it's been a good year. the end of the year also means we are just days away from the fiscal cliff, however, and that's the bad news. and looming tax hikes, spending cuts, all of that. both sides warning a very big deal becoming a bit more unlikely. >> and my one bit of advice to speaker boehner is this. you cannot pass a bill with just republicans. on a broad thing like this, you need both. and he has put himself with plan b and sort of an impossible position. he has to get these hard right goes to go along with him. and he and the president were go
CNBC
Dec 27, 2012 9:00am EST
the markets pull back more to crystallize what this could mean for the u.s. economy to members of congress. we didn't see that. it is a numbers game though in terms of what will happen. we know need 60 votes to clear a fill buster in the senate. seven republicans need to go along a lot of jockeying that needs to be done, even if we have a deal put forth. >> interesting what the market is pricing in. we thought the market wanted a grand deal. clearly, dennis you willing to put up with a band-aid. >> i have been surprised how static it has been, the stock and the bond markets, carl. i think the market, i think, has internalized that idea we are just going to shuffle along for a period, the beginning of january. then for another six to nine months. the bigger question really becomes beyond the equity market in particular, becomes the real functioning economy of this country. we are going to be stuck again. we went through sandy, that was a natural disaster, to think that all this really is man made, still boggles the mind. >> sickening. especially with claims back to 350, decent number this morni
CNBC
Dec 14, 2012 9:00am EST
of the increase in cap x from u.s. providers. >> i don't know. i would rather buy cisco. these companies, i remember when a avatel was good. the spending on american tower, sba communications, not on software. lte, you've got to go to g 5 -- >> we're already moving at g 5. >> g 3 is not playing this weekend. >> i think g-3 is -- >> dad said he would play. but apparently he disagreed. >> how about those knicks? >> oh, man. >> the finger, now the ankle for melo, right? >> he's tough. he'll be all right. >> i went to the rolling stones last night and did not go to the eagles. let my make that clear. >> coming up next, diana olick's exclusive interview with brian moynihan. take a look at this morning's early movers on wall street. adobe topping the list of 6.5%. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. wooohooo....haha
CNBC
Dec 26, 2012 9:00am EST
exchange. the u.s. marine corps providing toys for less fortunate children for the holiday season. another good cause there. stocks opening up for the first day after the christmas holiday. most major stock markets around the world were closed for christmas, and for the day after christm christmas. china, five-month high on the notion that the urbanization plan will gain spurs in the housing stocks there. japan, abe confirmed as prime minister there. the seventh prime minister in the past six years. we did see the yen hit a 20-month low against the u.s. dollar. notable lows against the euro as well. the topics in the nikkai the lowest in nine months. >> going back to his old job, that he had back in 2007. strange in and of itself. i wonder how long it will take for people to start talking about netflix after the outage going into christmas eve on social media. they were calling it no flix. and to blame amazon web services, which is one of their huge growth engines. a unit of the company they say is probably a tenth of its eventual size. >> one of the highest growth parts of amazon right no
CNBC
Dec 27, 2012 6:00am EST
have marginal movement, the cac up 4.2%. the ftse 100 up above .23%. >> u.s. equity futures at this hour -- whoa. hold it. >> what are you looking at? u.s. equity futures. >> it's okay on. didn't we already do this? >> i don't care. i really don't. the new prompter is giving you fits. and yesterday, it ended with a -- did you see that one yesterday? a word ended with a n and the next one i introduced the like like t. boone pickens or something like that. >> we have a new teleprompter and it adds words. >> that's special. >> and people that, you know, that's where we get all of our info, right out of that baby there. anyway, futures are up 14 points. 13114 is where we are right now. i don't know. fiscal cliff is three days away and we're still above 13,000. that's what we're talking about. you would think if the growth was going to flow based on us going over the cliff, you would think oil would start to weaken. we haven't seen that much in that respect, either. as far as the ten year, stable at 98 of 6719. finally, gold -- i don't know. bernanke is on full 85 billion a month
CNBC
Dec 21, 2012 6:00am EST
and rain across a good portion of the u.s. today. details on how it will affect your holiday travel, right after this. >> announcer: before the hit the road, here is your traveler's check. when employees head out on business travel, where are they spending their company's money? according to certify, an expense reporting company, their data revails that the most expensed airline, delta. and hotel? hilton. what is the most popular restaurant for employee expenses? find out, next. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and
CNBC
Dec 5, 2012 6:00am EST
into play at the moment as we wait for the u.s. session. we did have a good piece of news, though, out of china. the new leadership saying wle do whatever it takes to maintain solid economic growth. the shanghai composite up nearly 3% today. that boosted retail stocks. we also had a spanish bond auction, prefunding for 2013. got nearly the 4.5 billion they wanted. yields in spain. the ten-year did come lower on that auction, so not a bad result. and bid to cover was okay. so spanish yields slightly higher after that. didn't raise the maximum amount. that's where we stand. it's another cautious day under way in europe. back to you guys. >> might get my haircut like hers, ross. you know, that anna wintour. that bizarre -- do you think you can manage it? >> a page boy. >> you think you carry that one? >> you'd look awful. >> you know what? we're going to do it. >> you're asking these guys to put me -- >> you'd look good in that one from "dumb & dumber." >> yeah. i make that sound. the most annoying -- you want me to do that? >> no, we don't. >> morgan stanley is trying to bolster lending.
CNBC
Dec 11, 2012 9:00am EST
on and take a look at some other data here. what's the biggest threat to the u.s. economy? slow job growth, 9%. moving on here to the next one, the euro crisis, that's come way down, 11%. the next one is going to be 33%. the winner, the fiscal cliff, 35%. what are people saying about the fiscal cliff? we have people write in, and i believe that's what we'll look at next. we'll look at the probability of a u.s. recession. that has come up. in part because of the fiscal cliff concerns. it was 19% back in march. a high of 36%. so we're halfway between the low and the high pretty much. this is a 13-month high for the probability of recession. now we want to show you what people are saying about the fiscal cliff, allowing the economy to go over the cliff would be extremely reckless, says donnelly. they're going out to try to help the unemployment rate. wall street doesn't believe it's going to happen. they do believe it will help lower mortgage rates and the unemployment rate and not a lot of help expected for the stock market. melissa? >> steve, thanks for that. that's interesting stuff there. >>
CNBC
Dec 13, 2012 6:00am EST
in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsen
CNBC
Dec 26, 2012 7:00pm EST
as if the u.s. government would not pay interest on its debts. have -- you know perfectly well will is about a million things. i have been in the country where they ran out of borrowing capacity and managed important several years to survive without that borrowing capacity. there's a million things you can do before. you don't pay your debt on the u.s. treasuries before you stop paying social security, before you do lots of other things. is he purposefully trying to elevate this to a situation that frightens people? >> in many ways -- this is like the mayan calendar. they said the world would end december 21. we are all still here. the fiscal cliff negotiations and the debts limit thing are not the end of the world and we will figure it out. the most important thing to keep in mind is long term. we want to have a healthy fiscal situation. we have to have a healthy economy. we have to address growth. here's something else that is -- totally missing from this conversation. >> jimmy? >> understand that the executive branch is required under federal law to notify the legislative branch that, fac
CNBC
Dec 24, 2012 9:00am EST
's been a gang buster year for the markets. unfortunately, the average u.s. investor out there has largely been on the sidelines. money in bonds, money into money market funds continuing to flow in the month of november. unfortunately, even as we do see a very, very good year for the stock market, not many investors are really taking part in this. >> i think we saw finally an outflow for bond funds in well over a year last week. that has been a rarity. we've warned many of our viewers, be careful of the duration risk. we're going into another year where many people are at least saying, okay, is the rally over? the 30-year rally in bonds, is it over? if it is, what is it going to mean? we've had people saying that the last three years. everybody's best trade was to short the long bond. it ended up being one of the worst trades you could make the last couple of years. >> in terms of being careful, speaking of being careful, today will be light volume, shortened session, but light volume. who knows what that could lead to. if you wanted bury bad news, christmas eve is the perfect day to do it
CNBC
Dec 17, 2012 6:00am EST
in toronto as the nfl continues to move to expand its base outside of the u.s. a couple weeks ago, we had two new york jets fans. but now it's a couple more. great game between seattle and pittsburgh. >> did that guy get his pants pulled off? >> certainly did. my question to you, you got -- wasn't it nance and phil sympathies? >> yeah. >> don't you say, wow, there's a full moon today? don't you say something? >> i had to back it up on the dvr. >> was it immature to say -- i backed it up to show -- because we were laughing so hard. do you just not ignore -- >> it says something about our maturity levels. >> does it? and they're month march temperature? >> i felt bad for the player, i did. >> i did, but thank god it wasn't a full frontal. it was a full moon back. i would have said something. i wonder whether nance and simms should have just -- >> were they looking at it? >> they needed a joke. >> you needed to reference it. >> when they played the replay, they played it from a different angle. >> i think they -- come on, guys. in my entire life, i've never seen anything like that before. >> was
CNBC
Dec 20, 2012 12:00pm EST
are term approach and you have to focus on the fundamentals of the u.s. economy, global economy and company specifics. >> i think there's a plan c that allows to extend the middle class tax cut for those making $250,000 or less. and we angsed the amt question as well. there is this plan c and i think you fall back on that. >> the worst trade of 2012. we're looking back at stocks that have brought some pain this year. the first up on our list is jcpenney. ceo ron johnson remains on the hot see the saet. can he turn the company around in 2013? welcome. it good to you have. are we overstating ourselves to call this one of the worst trades of the year? this certainly has ban disaster. >> it's been a disaster and it will continue to be a disaster. they've made every misstep can you imagine. >> you have no signs of light out of this company? nothing there you look at and say i can get behind this guy? >> the only signs of light you have is he's getting more realistic where he's out of promotions now. again, when you walk through the stores and we've had team go to the scores and you need traffic.
CNBC
Dec 12, 2012 1:00pm EST
sectors. equities is kind of a global shorg an board, if you will. but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it is going to mean is slow growth. it may mean that we lose the entire first quarter because everybody is still worrying and talking about the issue. and here we go, clients again, investing in a time when they need to be invested. >> he also thinks if we go over the cliff it might trig ear recession. what about the fed? as you know, it announced those big moves today. tying any move in rates to the unemployment rate. are we in a bond double? we wil
CNBC
Dec 12, 2012 5:00pm EST
eck by can i titans piggy backed that, talking about what the costs mean for the u.s. government especially when it is negotiating the fiscal cliff. >> you should really get an aggressive deal done, because it's for sure clear you're going to have an upward move in interest rates and when it does, we'll be in the same soup again. >> right now, we're spending about $250 billion more or less on interest. if we had normalized interest rates, what you normally would think at this kind of period of time, post-recession, we would be spending $600 billion a year for interest, given how much we're borrowing. we're not spending that much because interest rates are so low. >> so, rubenstein saying we'll incur those prices at a later date, but another said it will pay to trade against that. >> the biggest opportunity will be, and i don't think it's an imminent opportunity, i think it's later, will be shorting the bond market. bond markets around the world as the term structure of interest rates backs up, but i think that that's something that's not imminent. >> they all seem to agree on tha
CNBC
Dec 19, 2012 6:00am EST
. the news from the commerce department comes as u.s. officials welcomed a high-level chinese delegation for trade and economic talks. the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swiss bank admitting to fraud, it paying bribes to brokers. and pervasive, they call it manipulation of libor by dozens of staff. the penalty was agreed to with u.s., u.k., and swiss regulators. it is more than three times the $450 million fine that was levied on barclays in june. the second largest fine ever on a paid -- paid by a bank. it only was topped by the $1.9 billion penalty that hsbc agreed to last week to settle that money laundering probe. >> crazy thing that stock's up. it's leading the exchange there today because people had been expecting maybe a slightly higher fine even than that. three times the amount. it was supposedly taking place for five to seven years, 30 to 40 traders have left. pretty pervasive. >> i wonder how much th
CNBC
Dec 20, 2012 9:00am EST
, not a part of their plans, per se, in terms of just including it. here in the u.s., they still want the straight equities business. der riff city was the key. >> people want to believe this is not going to be the latest in a chain of squelch deals, denied deals. you think this one -- >> this one does not appear to have any hair on it when it comes to antitrust. >> nationalism. >> two u.s. companies. two u.s. companies. unless you want new york versus atlanta. that could be -- >> we did that. >> atlanta, the financial capital of the world. not the same ring to it. >> oracle buys a company. yesterday, merkel buys a company. today -- >> angela merkel bought a company? >> play that out. the insurance business. gardner denver perhaps. david -- >> yeah. >> this is deal mania. >> mention arris, trading up again, double the size of the -- what is happening? >> ge this week. >> potentially, the italian enginemaker. >> the fiscal cliff, result supposed to be frozen? aren't we supposed to be paralyzed? >> i guess the clock ran out on everybody saying we can't do anything? >> this is huge for u
CNBC
Dec 3, 2012 5:00pm EST
'm delivering. >> you bring it. you always bring it. >>> mieving on here. americans are piling into u.s. gold coins in record numbers. november sales more than tripling hitting the strongest levels since 1998. as you can see in the start qe 3 and president obama's reelection are two of the biggest drivers. can gold coins be the ultimate. let's bring in dennis gartman who joins us on the fast line. always grade to speak with you. >> always good to be spoken with. >> that's what i'm talking about. we are entering a seasonally strong period already. just a seasonal uptick. >> we have had the indian wedding season pass us up. i think you have the public piling into gold which happens. and we have to be careful because when the public comes into something the pros think that is the end of the move. the last time we saw gold coin sales of this consequence was in 2008 and gold moved from $900 an ounce to $1,700 an ounce. i will council people to be careful when buying gold coins because the markup on gold coins can be preposterous, stupid, egregious, silly. >> like what? i don't know how much these
CNBC
Dec 12, 2012 9:00am EST
intellectual, too. >> opec and the fed, hey, u.s. production up. let's go to sharon epperson at the nymex. >> oil has really been on the move since the open a few minutes ago. not so much opec, which still packed with the current quota around 30 million barrels per day, it is producing more than that. but we are hearing, of course, from opec itself that saudi arabia has reduced its production in november to the lowest level in a year. so that seems to be a way that they will adhere closer to the current quota. we're also looking at the latest report from the international energy agency which may have more of an impact where oil prices are going in this session. they're looking for slightly demand in 2013. and they're pointing to china for the reason. we're anticipating we'll get the report from the energy department at 10:30 a.m. on oil supplies. the expectation is for a slight decline in food supplies. but we did see a major build in the industry report, if that is confirmed we could see these gains short-lived. back to you. >> all right. thank you very much, sharon epperson. we've got a
CNBC
Dec 24, 2012 12:00pm EST
the fundamentals of a pretty good economy in the u.s. if we don't do things that are self-inflicted but that's what we're doing. >> right. ultimately that is what we're faced with. we're faced with fiscal forces that could undo a lot of that. but rick makes a good point with the volatility. we were voting on t.a.r.p. which would produce liquidity for the market. we have the backdrop of that. so i think these initial bursts, you know, they're not going to be as volatile as that time period but i still think we could pick up steam. look, ultimately if we start a trend lower, we saw volatility after the presidential election. we saw what happened, a thousand points came off the dow at a very short period of time. i think people are being lulled into complacency starting to think, well, we don't have that. it is not like it was. it could very well be very quickly. so again, i'm not trying to cry wolf. what i'm trying to say is people should be prepared. selling is not this evil thing. this protection, making sure they have levels at which they would get out. >> craig hodges, you are buying what you per
CNBC
Dec 13, 2012 5:00pm EST
. >> on luxury, the big thing for me is china's not 25% of the global luxury goods market and the u.s. is 20%. china is growing as a luxury buyer. and although their falloff, tiffany's had high profile warnings base and weaker china, they're going to grow % next year and on top of that the following year. how do you call it quilts here? >> the power gauge is my guide here. china retail sales were up 15% recently. that came out of the blue. you have to go with a disciplined approach to the stocks. if the power gauge is bearish, and it's not bearish on all, but if the power gauge is bearish, i think this is a great place to raise cash. >> we're showing charts and the gauges for tiffany as well as coach and they are very l leveraged to china. >> no doubt. >> the negative power gauge there. there is one stock that you brought with you, mark, that is positive in terms of the power gauge, and that is yahoo!, a pick of steve's for a long time. >> i like it for some of the same reasons. but the key here is they are hiring engineers. they bought on the air and the reason is they know these engineers
Search Results 0 to 20 of about 21